SLB Limited $SLB Shares Sold by MGO One Seven LLC

MGO One Seven LLC cut its position in shares of SLB Limited (NYSE:SLB) by 26.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,333 shares of the oil and gas company’s stock after selling 7,351 shares during the period. MGO One Seven LLC’s holdings in SLB were worth $687,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Command Advisory Services Inc. boosted its position in shares of SLB by 300.0% in the first quarter. First Command Advisory Services Inc. now owns 636 shares of the oil and gas company’s stock worth $27,000 after buying an additional 477 shares during the period. Atlas Capital Advisors Inc. purchased a new stake in shares of SLB in the first quarter worth about $33,000. Alpine Bank Wealth Management purchased a new stake in shares of SLB in the first quarter worth about $34,000. Atticus Wealth Management LLC purchased a new stake in shares of SLB in the second quarter worth about $29,000. Finally, Park Square Financial Group LLC purchased a new stake in shares of SLB in the first quarter worth about $38,000. Hedge funds and other institutional investors own 81.99% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SLB shares. Atb Cap Markets raised SLB from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 1st. UBS Group decreased their target price on SLB from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Wednesday, August 20th. Wells Fargo & Company lowered SLB from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 20th. Barclays lowered their price objective on SLB from $47.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, July 21st. Finally, Zacks Research upgraded SLB from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Insider Buying and Selling

In other SLB news, insider Dianne B. Ralston sold 39,727 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $36.08, for a total transaction of $1,433,350.16. Following the transaction, the insider owned 202,201 shares of the company’s stock, valued at $7,295,412.08. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by corporate insiders.

SLB Price Performance

Shares of NYSE SLB opened at $32.58 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.31 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average price of $34.49 and a two-hundred day moving average price of $34.58. SLB Limited has a fifty-two week low of $31.11 and a fifty-two week high of $44.97. The firm has a market cap of $48.66 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 9.20 and a beta of 0.97.

SLB (NYSE:SLB) last released its earnings results on Friday, October 17th. The oil and gas company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.02. SLB had a return on equity of 20.99% and a net margin of 11.53%.The company had revenue of $8.93 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter last year, the business posted $0.89 EPS. SLB’s quarterly revenue was down 2.5% compared to the same quarter last year. Sell-side analysts expect that SLB Limited will post 3.38 earnings per share for the current fiscal year.

SLB Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Wednesday, December 3rd will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Wednesday, December 3rd. SLB’s dividend payout ratio (DPR) is currently 39.04%.

About SLB

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products.